ABC Taxes, Tips & Tools

Last year the AZ Tax Credit For The Work­ing Poor got bet­ter as the so called base period restric­tion was removed.

This year, the Ari­zona Depart­ment of Rev­enue (AZ DOR) is tasked with mak­ing sure all the char­i­ties on the list for this credit  meet the con­di­tion that 50% or more of every dol­lar donated goes directly toward assist­ing the work­ing poor, so they sent out a ques­tion­naire to every char­ity on the 2009 list.  Sev­eral responded, “Yeah, yeah, we know, we do not qual­ify.” Oth­ers have not responded at all.  The net result is the 2010 list of eli­gi­ble orga­ni­za­tions is much shorter that the one for 2009.

Before you donate to a char­ity expect­ing to receive this credit you may want to check to see if they are still on the list.

Just because the char­ity doesn’t appear on the list doesn’t mean you can’t make a char­i­ta­ble con­tri­bu­tion to them and take a deduc­tion, it merely means you will not be eli­gi­ble for this Tax Credit.

Also just because your favorite char­ity has not yet showed up on the list, doesn’t mean that they won’t; it means they have not com­pleted the ques­tion­naire and returned it to the AZ DOR. Until they do they will not be a char­ity eli­gi­ble for the tax credit in 2010.

In other news, this year the AZ DOR is NOT dis­trib­ut­ing 2009 Income Tax Forms at the local post offices nor  at  local libraries.  They will NOT mail them even if you call to order one.  The only ways to get the income tax forms is from an AZ DOR office or to down­load it from their web­site: http://www.azdor.gov/Forms/Individual.aspx.  If you fol­low the links to the AZ DOR web­site, please be advised that you’re nav­i­gat­ing away from ArtAndBusinessConsulting.com and you will be sub­ject to their policies-we do not know what they are nor do we have con­trol of them.

If you need help with these issues or any other, remem­ber, small busi­ness ser­vices and tax­a­tion are our busi­ness.  Please give Art & Busi­ness Con­sult­ing a call.  We would love to engage you as a client.

The usual dis­claimers: Although ABC has made every effort to insure the accu­racy of Taxes, Tips and Tools, mis­in­for­ma­tion, dis­in­for­ma­tion, changes, mis­takes, typos and hack­ers hap­pen, there­fore Art & Busi­ness Con­sult­ing LLC takes no respon­si­bil­ity for any action taken or results based on the infor­ma­tion sup­plied here in.  Inter­nal Rev­enue Ser­vice Cir­cu­lar 230 Dis­clo­sure:  As pro­vided for in Trea­sury reg­u­la­tions, advice (if any) relat­ing to fed­eral taxes that is con­tained in this com­mu­ni­ca­tion (includ­ing attach­ments) is not intended or writ­ten to be used, and can­not be used for the pur­pose of (1) avoid­ing penal­ties under the Inter­nal Rev­enue Code or (2) pro­mot­ing, mar­ket­ing or rec­om­mend­ing to another party any plan or arrange­ment address herein.  Art & Busi­ness Con­sult­ing LLC cur­rently does not have a cer­ti­fied pub­lic accoun­tant or an attor­ney on staff; this infor­ma­tion is purely for edu­ca­tional pur­poses and not to be con­strued as legal or finan­cial advice.  Art & Busi­ness Con­sult­ing LLC and its employ­ees, mem­bers and asso­ciates are not engage to prac­tice law; you always should dis­cuss legal mat­ters with your attor­ney before talk­ing to any­one else.

Tags: 2009, 2010, Arizona, arizona income tax forms, change, eligible charity, Working Poor Tax Credit

This entry was posted on Tuesday, February 2nd, 2010 at 7:16 pm and is filed under General Individual, Individual Taxes. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.